SARCO shares hit 14-year high, traded volume highest since debut

02/02/2021 Argaam

Saudi Arabia Refineries Co. logo


Shares of Saudi Arabia Refineries Co. (SARCO) hit their highest level since 2007, closing limit-up at SAR 122.

 

Accordingly, the share soared 345% in 10 months, the highest since March 2020.

 

The stock recorded a traded volume of more than 12 million shares, exchanged at a total value of SAR 1.4 billion; the highest since listing in terms of volume and value.

 

SARCO's total number of shares amount to around 15 million, with free float at 14.8 million shares, representing 98.64% of its total shares. 

 

SARCO is a closed joined stock company incorporated as per the Kingdom's corporate regulations and Royal Decree No. 376 dated 14/8/1380 AH.

 

The Tadawul-listed firm carries out a full range of petroleum business in all branches, including the implementation of water, land reclamation, utility, transportation, industrial and commercial projects, as well as commercial agencies and establishment of companies and purchase of shares. 

 

SARCO Stock Performance

Annual High (SAR)

123.80

Dec. 16, 2020

Annual Low (SAR)

27.40

March 16, 2020

Historical High (SAR)

421.50

Feb. 14, 2006

Historical Low (SAR)*

4.80

Nov. 24, 2002

Highest traded volume

12.04

Feb. 2, 2021

 

The following table shows the most important financial indicators of the company:

 

Key Financial Indicators

EPS (last 12 months) (SAR)

1.03

P/E (Last12) (x)

High

Book Value (SAR)

29.08

P/B ratio (x)

4.20

 

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